ERCOT voted to give themselves substantial raises

[TwilightZone]

2. First increase in 11 years.

There's a solid argument to be made that the increases are too substantial, but it sounds like some kind of reasonable increase was probably due.

Reading further into the proposal, it was provided by a third-party compensation consultant (Meridian) and approved by the Human Resources committee, per the ERCOT by-laws. Complaining that they "gave themselves a raise" seems a little silly when that's what the bylaws require. Context can be useful.

As an aside, it appears that only the director and chairs/vice-chairs get compensated, though I haven't been able to confirm. The proposal includes the relevant bylaws which only indicate that the director/chair are paid.

Breakdown of the increases (old/new):

Selected Director Base Compensation $87,000 / $160,000
Board Chair $12,800 / $35,000
Board Vice Chair $7,500 / $15,000
Board Committee Chair $5,600 / $25,000